STBP3 Relative Valuation - Santos Brasil Participacoes SA - Alpha Spread

Santos Brasil Participacoes SA
BOVESPA:STBP3

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Santos Brasil Participacoes SA Logo
Santos Brasil Participacoes SA
BOVESPA:STBP3
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Price: 13 BRL -2.4% Market Closed
Market Cap: 11.2B BRL
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Relative Value

The Relative Value of one STBP3 stock under the Base Case scenario is 19.39 BRL. Compared to the current market price of 13 BRL, Santos Brasil Participacoes SA is Undervalued by 33%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

STBP3 Relative Value
Base Case
19.39 BRL
Undervaluation 33%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
26
vs Industry
14
Median 3Y
3.8
Median 5Y
3.8
Industry
2
Forward
3.7
vs History
68
vs Industry
22
Median 3Y
18.3
Median 5Y
18.4
Industry
13.5
Forward
14.7
vs History
68
vs Industry
19
Median 3Y
11.3
Median 5Y
13
Industry
7.2
vs History
52
vs Industry
11
Median 3Y
57
Median 5Y
29.6
Industry
13.1
vs History
6
vs Industry
4
Median 3Y
3.3
Median 5Y
3
Industry
1.2
vs History
15
vs Industry
19
Median 3Y
4.3
Median 5Y
4.1
Industry
2.7
Forward
4.1
vs History
68
vs Industry
33
Median 3Y
8.9
Median 5Y
9.7
Industry
7.2
vs History
71
vs Industry
36
Median 3Y
9.7
Median 5Y
10.8
Industry
9.6
Forward
7.9
vs History
80
vs Industry
39
Median 3Y
12.9
Median 5Y
15.4
Industry
12.4
Forward
9.6
vs History
58
vs Industry
23
Median 3Y
11.8
Median 5Y
13.1
Industry
9.6
vs History
28
vs Industry
7
Median 3Y
32.9
Median 5Y
22.9
Industry
14.5
vs History
6
vs Industry
6
Median 3Y
2.1
Median 5Y
1.5
Industry
0.9

Multiples Across Competitors

STBP3 Competitors Multiples
Santos Brasil Participacoes SA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
BR
Santos Brasil Participacoes SA
BOVESPA:STBP3
11.2B BRL 4.4 16.4 9.7 11.9
IN
Adani Ports and Special Economic Zone Ltd
NSE:ADANIPORTS
3.1T INR 11.3 34.1 20.8 27.4
CN
Shanghai International Port Group Co Ltd
SSE:600018
131.3B CNY 3.2 9.2 12.7 12.7
PH
International Container Terminal Services Inc
XPHS:ICT
819.2B PHP 5.8 24.9 11.6 14.1
ZA
Grindrod Ltd
JSE:GND
10.5B Zac 0 0 0 0
CN
Ningbo Zhoushan Port Co Ltd
SSE:601018
63.4B CNY 2.2 13.5 13.1 13.1
CN
Qingdao Port International Co Ltd
SSE:601298
51.6B CNY 2.9 10.3 8.6 8.6
CN
China Merchants Port Group Co Ltd
SZSE:001872
47.4B CNY 3 11.2 16 16
HK
China Merchants Port Holdings Co Ltd
HKEX:144
51B HKD 4.4 6.9 8.7 12.8
AU
Qube Holdings Ltd
ASX:QUB
6.8B AUD 2.1 30.8 27.1 27.1
CN
Tangshan Port Group Co Ltd
SSE:601000
28B CNY 4.8 14 11.7 11.7

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